HMV Wealth Advisors LLC Takes $221,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

HMV Wealth Advisors LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,928 shares of the company’s stock, valued at approximately $221,000.

A number of other institutional investors also recently modified their holdings of the company. Atria Investments Inc boosted its stake in Palantir Technologies by 7.5% during the third quarter. Atria Investments Inc now owns 55,014 shares of the company’s stock worth $2,047,000 after acquiring an additional 3,835 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in Palantir Technologies by 7.8% during the third quarter. Apollon Wealth Management LLC now owns 26,119 shares of the company’s stock worth $972,000 after acquiring an additional 1,901 shares in the last quarter. Aptus Capital Advisors LLC boosted its stake in Palantir Technologies by 3.5% during the third quarter. Aptus Capital Advisors LLC now owns 13,392 shares of the company’s stock worth $498,000 after acquiring an additional 456 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Palantir Technologies by 3.4% during the third quarter. Victory Capital Management Inc. now owns 682,748 shares of the company’s stock worth $25,398,000 after acquiring an additional 22,672 shares in the last quarter. Finally, Empower Advisory Group LLC boosted its stake in Palantir Technologies by 30.6% during the third quarter. Empower Advisory Group LLC now owns 11,285 shares of the company’s stock worth $420,000 after acquiring an additional 2,644 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $86.24 on Friday. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The company has a 50-day simple moving average of $87.83 and a 200 day simple moving average of $64.98. The company has a market capitalization of $202.26 billion, a PE ratio of 453.92, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at $48,988. This trade represents a 99.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alexandra W. Schiff sold 6,776 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the transaction, the director now owns 184,617 shares of the company’s stock, valued at $15,993,370.71. This represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,069,785 shares of company stock worth $254,537,238. Insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on PLTR shares. UBS Group increased their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Royal Bank of Canada increased their target price on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Baird R W raised shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Mizuho upped their price objective on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Finally, Northland Securities upped their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $74.45.

Palantir Technologies Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.